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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Ura Holdings | LSE:URA | London | Ordinary Share | GB00BD2B4T80 | ORD 0.15P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.425 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMURA
RNS Number : 1259K
Uranium Resources PLC
05 July 2017
Uranium Resources plc
("Uranium Resources" or "the Company")
Estes Loans and Licence Update
Uranium Resources announces that it is in discussions with its major shareholder Estes Limited ("Estes") which has to date provided unsecured loans to the Company totalling US$1.8 million which are now fully drawn down. Estes has confirmed to the Board that it remains supportive of the Company and the Board's strategy, and will fund ongoing working capital requirements while the Company reviews alternative financing arrangements.
The Directors also announce that the Company has been granted a prospecting licence (the "Licence") covering the Mtonya project area ("Mtonya") by the Tanzanian Ministry of Energy and Minerals. The Licence is subject to the provisions of the Tanzanian Mining Act of 2010 and is valid for 48 months to be followed by standard renewals.
The Company also continues discussions with a potential strategic partner for the development of Mtonya, however there can be no assurance that these discussions will lead to a successful outcome for the Company. Given the continued depressed state of the uranium market the Board is also assessing a number of options for the future development of the Company.
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
**ENDS**
For further information please visit www.uraniumresources.co.uk or contact:
Hot Features
Premium
Alex Gostevskikh Uranium Resources Tel: +1 778 938-7631
plc
Matthew Johnson Northland Capital Tel: +44 (0)203
/ David Hignell Partners Ltd 861 6625
This information is provided by RNS
The company news service from the London Stock Exchange
END
STRKMGGNVDDGNZM
(END) Dow Jones Newswires
July 05, 2017 02:00 ET (06:00 GMT)
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